US STOCKS-Wall St lower as mixed jobs report adds to uncertainty

viernes 4 de septiembre de 2015 11:32 GYT
 

* Nonfarm payrolls up by 173,000 vs 220,000 expected

* Unemployment rate falls to 5.1 pct from 5.3 pct

* Caterpillar falls after broker downgrade

* Indexes down: Dow 1.50 pct, S&P 1.33 pct, Nasdaq 0.86 pct (Adds details, changes comment, updates prices)

By Tanya Agrawal

Sept 4 (Reuters) - U.S. stocks fell in late morning trading on Friday as a mixed August jobs report did little to quell investor anxiety over the timing an interest rate increase.

The nonfarm payrolls report showed that fewer-than-expected jobs were added to the economy last month even as unemployment rate dropped to its lowest in more than seven years.

Nonfarm payrolls increased 173,000 last month, compared with an upwardly revised 245,000 in July and fewer than the 220,000 that economists polled by Reuters had expected. Unemployment rate dropped to 5.1 percent and wages accelerated.

"With this jobs report, in which below-expectation job creation in August is offset by several factors - including a lower unemployment rate, prior positive revisions, wage growth, etc - the Federal Reserve finds itself in a real uncertainty jam when it comes to a September interest rate hike," said Mohamed El-Erian, chief economic adviser at Allianz.   Continuación...